el diablo wrote: » So has your crypto been on an exchange all that time or do you hold the private keys?
gaming_needs90 wrote: » Yeah, 1000 on XRP and 200 on LTC. I bought them just over three years ago.
Dohnjoe wrote: » Mid december 2017 I am guessing. I think XRP will hit .80 quicker than LTC would hit 300. Anyway, let's see what shape this run takes, no two have ever been the same in the short history of crypto.
gaming_needs90 wrote: » Oh, neither, simply CFD's through etoro. In hindsight I should have just obught them outright
One More Toy wrote: » Ouch cfds are a dirty word these days, have you seen the disclosures of people who lose money, 80% or so
gaming_needs90 wrote: » I have not! Why is that? I have it on eToro and they seem fairly above board.
grindle wrote: » Leveraged trading gambling on small up or downticks rather than long-term investing based on fundamentals (he says on a forum based on the most speculative assets known to man, oh the quasi-irony and leaps of faith necessary to make this work in my brain...)
gaming_needs90 wrote: » That is fair but can you not do exactly the same with standard trading? Be it shares, crypto etc I can see CFD's may have certain fees, they use your money as you are waiting for the uptick. I don't see the fundamental flow though.
gaming_needs90 wrote: » Have XRP(1k) and LTC(200), to the tune of 1200 dollars. I am now -370. I just want these out. I think these got to 4k or something back in '17 but I said I would "Hold out longer". I will not make that mistake again.
Lex Luthor wrote: » If you survived the bear market and held out this ping and really don’t need the money, would you not wait another 6-12 months?
grindle wrote: » Traditional trading is you buy stock hoping the price rises and/or hopefully provides dividends to you in the future which outpace inflation, relatively. Maybe coupled with a price rise when that happens because it's extremely bullish. CFDs specifically use leverage, margin trading. e.g.: They have let's say 100k Bull****WhateverStock [BSWS], they use 1k BSWS with 100x leverage to bet the price will move up or down (longing and shorting, respectively) 1% against another person betting the opposite. If the price moves in the opposite direction to your position in the contract - past the 1% up or down you wanted it to be - the person betting against you drinks ALL your milkshake. They get the full 100k BSWS, you now have zero asset left. It's peak degenerate stock market and crypto gambling.A great bot that provides examples of this in crypto.
Truckermal wrote: » Purchased some YFFS earlier, not a lot but it's all I'm holding now! Purchased a new OLED TV on the money I thought I'd lost on XRP..
gaming_needs90 wrote: » I did not use any of this leveraging though, which seems mad.
grindle wrote: » If you didn't use the leverage you're better off at 1:1, but most wouldn't buy futures options unless they were intending to use it with leverage. It's a part of the confusion with apps like Revolut and eToro offering exposure. eToro offer much leverage so we'd presume you wanted to use leverage (because if you were into crypto long term, just buy the asset) but it seems/sounds like you're just using it because you're already there?
gaming_needs90 wrote: » I think I used it at the time because it was the easiest. I thought this was a fund and dump after a short time see. Gold rush style
el diablo wrote: » A sea of red. Well that was fun while it lasted. :mad:
Thargor wrote: » Thanksgiving profits, just wait until Chinese New Year!
Lex Luthor wrote: » Same as Chinese new year sell off Expect it to bounce back Friday In fairness the signs were there Everything was practically overbought Look at the RSI’s as indicators Anything above 90’s and watch out Even when XRP was dropping yesterday in the mid 60c it was still in the 90’s in RSI GREAT opportunity here to load back up if any spare
grindle wrote: » Check your account to see if you went for some sort of default high leverage please. Not saying you have done this, but many others not knowing what they've just bought have lost homes over this eventually, bankrupt because they've signed a contract & waiver saying "I'm good for this bro". Make sure you haven't done this.
